Dakota Wealth Management Raises Position in Jacobs Solutions Inc. (NYSE:J)

Dakota Wealth Management grew its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 6.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,296 shares of the company’s stock after acquiring an additional 132 shares during the period. Dakota Wealth Management’s holdings in Jacobs Solutions were worth $301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. raised its stake in Jacobs Solutions by 36.4% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 4,212 shares of the company’s stock worth $648,000 after acquiring an additional 1,123 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Jacobs Solutions by 1.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 373,814 shares of the company’s stock valued at $57,466,000 after purchasing an additional 6,117 shares during the period. Bourgeon Capital Management LLC lifted its stake in shares of Jacobs Solutions by 0.7% during the 1st quarter. Bourgeon Capital Management LLC now owns 51,750 shares of the company’s stock valued at $7,956,000 after buying an additional 346 shares in the last quarter. First Trust Direct Indexing L.P. purchased a new position in shares of Jacobs Solutions during the 1st quarter valued at $232,000. Finally, Everett Harris & Co. CA boosted its holdings in Jacobs Solutions by 12.5% in the 1st quarter. Everett Harris & Co. CA now owns 94,266 shares of the company’s stock worth $14,492,000 after buying an additional 10,470 shares during the period. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on J. Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target on the stock in a report on Friday, October 4th. UBS Group lifted their target price on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Truist Financial dropped their price target on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Citigroup lifted their price objective on shares of Jacobs Solutions from $138.60 to $166.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Robert W. Baird lowered their target price on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $159.30.

Insider Activity

In other news, Director Christopher M.T. Thompson sold 1,898 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the sale, the director now owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, SVP William B. Allen, Jr. sold 1,451 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $146.51, for a total transaction of $212,586.01. Following the completion of the sale, the senior vice president now directly owns 26,699 shares of the company’s stock, valued at approximately $3,911,670.49. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher M.T. Thompson sold 1,898 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the transaction, the director now directly owns 42,069 shares in the company, valued at $6,346,108.65. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,516 shares of company stock valued at $2,152,693. 1.00% of the stock is currently owned by insiders.

Jacobs Solutions Trading Up 0.5 %

Shares of J opened at $141.20 on Tuesday. Jacobs Solutions Inc. has a fifty-two week low of $100.59 and a fifty-two week high of $144.56. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 1.14. The company’s fifty day moving average is $144.16 and its 200 day moving average is $142.69. The stock has a market capitalization of $17.54 billion, a PE ratio of 27.91, a P/E/G ratio of 1.43 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.96. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.39 billion. During the same period in the previous year, the firm posted $1.82 EPS. The business’s quarterly revenue was up 1.1% on a year-over-year basis. Sell-side analysts expect that Jacobs Solutions Inc. will post 7.95 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, October 25th. Jacobs Solutions’s dividend payout ratio (DPR) is 22.92%.

Jacobs Solutions Profile

Jacobs Solutions Inc provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments.